"Why are they forecasting surplus cash with btw. $65-85m with the gold price at $1550 in their presentations?"
Because 3/4 of the year is gone, and most of their gold has been sold at those sort of prices.The POG only fell substantially in the last month. Also they don't need the money urgently. Last time gold fell, they didn't sell their gold till price recovered.
Ann: Company Presentation - April 2013 , page-3
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